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COHG - Coastal Holdings, Inc. Receives Take-Over Offer
Thursday January 11, 10:49 am ET


HOUSTON, TX--(MARKET WIRE)--Jan 11, 2007 -- Coastal Holdings, Inc. (Other OTC:COHG.PK - News) today announced that it has received a take-over offer from a multinational organization. The organization has proposed an acquisition of all the outstanding common shares of Coastal Holdings by way of a friendly take-over bid. The offer, on a price per share basis, is significantly higher than Coastal Holding's current price per share. The two companies are in the process of formulating a support agreement that would cover this offer. Further details will be disclosed to shareholders upon the signing of the support agreement.


For more information please contact CEO Andrea Cortellazzi at [phone].

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.



Contact:
Coastal Holdings, Inc.
Andrea Cortellazzi
CEO
Ph# [phone]
E-mail: [e-mail]



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Source: Coastal Holdings, Inc.